Supreme Court rejects appeal against Securities Appellate Tribunal's order allowing response to SEBI's notice to show cause. The SC dismissed the appeal against the Securities Appellate Tribunal's order, which permitted the appellant to respond to a 'notice to show cause' from ...
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Supreme Court rejects appeal against Securities Appellate Tribunal's order allowing response to SEBI's notice to show cause.
The SC dismissed the appeal against the Securities Appellate Tribunal's order, which permitted the appellant to respond to a "notice to show cause" from SEBI's Whole Time Member. The Court found no basis to entertain the appeal, noting the Tribunal's order included protective directions. All pending applications were disposed of.
The Supreme Court of India, comprising Hon'ble Dr. Dhananjaya Y. Chandrachud, CJI, and Justices J.B. Pardiwala and Manoj Misra, reviewed an appeal against an order by the Securities Appellate Tribunal. The Tribunal's order allowed the appellant to submit a reply to a "notice to show cause" issued by the Whole Time Member of the Securities and Exchange Board of India (SEBI). The Court noted that the order included protective directions and found no grounds to entertain the appeal, resulting in its dismissal. Any pending applications were also disposed of.
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